KBC Group NV Boosts Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

KBC Group NV lifted its stake in Omnicom Group Inc. (NYSE:OMC) by 17.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 119,028 shares of the business services provider’s stock after buying an additional 17,927 shares during the period. KBC Group NV owned approximately 0.06% of Omnicom Group worth $10,241,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Renaissance Technologies LLC purchased a new stake in shares of Omnicom Group during the second quarter valued at approximately $1,606,000. Public Sector Pension Investment Board boosted its position in Omnicom Group by 70.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 7,622 shares of the business services provider’s stock valued at $684,000 after buying an additional 3,159 shares during the period. Squarepoint Ops LLC grew its holdings in Omnicom Group by 652.8% in the 2nd quarter. Squarepoint Ops LLC now owns 40,420 shares of the business services provider’s stock worth $3,626,000 after acquiring an additional 35,051 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Omnicom Group by 1.0% in the second quarter. The Manufacturers Life Insurance Company now owns 137,327 shares of the business services provider’s stock valued at $12,318,000 after acquiring an additional 1,421 shares during the period. Finally, Mackenzie Financial Corp raised its stake in shares of Omnicom Group by 3.0% during the second quarter. Mackenzie Financial Corp now owns 46,338 shares of the business services provider’s stock valued at $4,157,000 after acquiring an additional 1,370 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Down 0.3 %

NYSE:OMC opened at $86.96 on Thursday. The firm has a market capitalization of $16.97 billion, a P/E ratio of 11.88, a PEG ratio of 1.88 and a beta of 0.98. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. Omnicom Group Inc. has a one year low of $81.42 and a one year high of $107.00. The company’s 50-day simple moving average is $91.23 and its 200 day simple moving average is $96.37.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were paid a $0.70 dividend. The ex-dividend date was Friday, December 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.22%. Omnicom Group’s payout ratio is currently 38.25%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on OMC shares. Macquarie restated an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. decreased their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday. Barclays cut their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Wells Fargo & Company decreased their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Finally, UBS Group lifted their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.